FOR SALE
$499,000-$550,000

4907/245 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Looking for a high-yield income-producing asset? Look no further!

Investors take note: This property is currently tenanted but you can use this as an Airbnb and generate a healthy return.
Nestled within the prestigious Palladium Towers, this exquisite 2 bedroom, 1 bathroom residence offers an unparalleled level of luxury and sophistication. Our motivated and committed owner has issued clear MUST SELL instructions and move on from this beautifully presented piece of real estate
Upon stepping into this meticulously designed space, you'll be greeted by a seamless fusion of opulence and modern comfort. Every detail of this fully upgraded haven has been thoughtfully curated, featuring high-end finishes that elevate the living experience. Boasting captivating views that stretch over Melbourne CBD, the iconic Yarra River, and the vibrant South Yarra neighbourhood, this property presents a rare opportunity to reside in one of the city's most coveted locations. The gourmet kitchen stands as a testament to this commitment, with top-of-the-line Miele appliances seamlessly integrated and ample built-in storage for a clutter-free environment.
Sunlight bathes the interiors through expansive floor-to-ceiling windows, creating an ambiance of openness and connection to the surrounding urban landscape. Both bedrooms are adorned with built-in robes, ensuring an abundance of storage space without compromising on aesthetics. The master bedroom takes luxury a step further by offering a built-in study nook, perfectly balancing work and relaxation within the comfort of your own retreat.
Palladium Towers is renowned for its lavish amenities, and this residence grants you access to the pinnacle of indulgence. Dive into the full pool for a refreshing swim, maintain your fitness regime in the fully equipped gymnasium, and unwind in the steam room after a long day. The clubhouse and bar provide spaces to entertain guests or socialise with fellow residents, while the outdoor barbecue and seating area offer an idyllic setting for al fresco gatherings.
Contact Margaret Chadwick on 0467 236 327 for an inspection now! Our motivated seller will meet the market soon and you don't want to miss out. This property is only available to the buyer who acts NOW.
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Property Details for 4907/245 City Rd, Southbank

4907/245 City Rd, Southbank is a 2 bedroom, 1 bathroom Apartment. The place is currently for sale with Bow Residential.

Building Type
Apartment

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About Southbank 3006

The size of Southbank is approximately 1.6 square kilometres. It has 7 parks covering nearly 1.5% of total area. The population of Southbank in 2011 was 11,235 people. By 2016 the population was 18,706 showing a population growth of 66.5% in the area during that time. The predominant age group in Southbank is 20-29 years. Households in Southbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southbank work in a professional occupation. In 2011, 39.7% of the homes in Southbank were owner-occupied compared with 33.8% in 2016.

Southbank has 28,051 properties. Over the last 5 years, Houses in Southbank have seen a 81.50% increase in median value, while Units have seen a 6.86% increase. As at 31 August 2024:

  • The median value for Houses in Southbank is $993,145 while the median value for Units is $602,583.
  • Houses have a median rent of $656 while Units have a median rent of $650.
There are currently 168 properties listed for sale, and 224 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1278 properties were sold in the past 12 months in Southbank.

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Margaret Chadwick
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Bow Residential
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